3 ms·

rational behavior He's looking at the rest of his life in prison. Rational for him may be much different than you or I can comprehend?

• jjoonathan 3y ago
  He just borrowed from depositors until he was sufficiently leveraged for his personal risk tolerance.
  • CrazyStat 3y ago
    This is the man who said he was willing to bet the destruction of the world against a 51% chance of the world being duplicated, leading to a (under certain questionable population ethics calculations) doubling of total utility. His risk tolerance is either infinite or, more likely, he doesn't have a clue what it is so he treats it as infinite.
    • jjoonathan 3y ago
      It's a meme. On WallStreetBets, /u/ControlTheNarrative found a "trick" to borrow $50k from Robinhood and lost it all on a dumb bet while making a big display of being rational ("I repeat this until I am sufficiently leveraged for my Personal Risk Tolerance.") I am making a comparison to SBF, who found a "trick" to borrow almost a million times as much from investors and depositors and lost it all on a dumb bet while making a big display of being rational.
  • dragonwriter 3y ago
    He has publicly stated that his philosophy was ignoring risk completely in pursuit of the best expected value. (Whether becauae its true, or because it was a forn of attention-seeking edgy rationalism, or what...)